question archive The following date are available for ABC Company in preparing its statement of cash flows for the year ended December 31, 2007 by the indirect method: Dec, 31 2006 Dec, 31, 2007Cash $15,000 $25,000Account receivable 30,000 39,000Inventory 35,000 30,000Account payable 24,000 34,000Net income for 2007 : $44,000Depreciation expense for 2007 :$30,000What is the total amount that ABC should report as net cash flows from operating activities? 1
The following date are available for ABC Company in preparing its statement of cash flows for the year ended December 31, 2007 by the indirect method: Dec, 31 2006 Dec, 31, 2007Cash $15,000 $25,000Account receivable 30,000 39,000Inventory 35,000 30,000Account payable 24,000 34,000Net income for 2007 : $44,000Depreciation expense for 2007 :$30,000What is the total amount that ABC should report as net cash flows from operating activities? 1
Subject:AccountingPrice: Bought3
The following date are available for ABC Company in preparing its statement of cash flows for the year ended December 31, 2007 by the indirect method: Dec, 31 2006 Dec, 31, 2007Cash $15,000 $25,000Account receivable 30,000 39,000Inventory 35,000 30,000Account payable 24,000 34,000Net income for 2007 : $44,000Depreciation expense for 2007 :$30,000What is the total amount that ABC should report as net cash flows from operating activities? 1. $80,000 2. $90,000 3. $100,000 4. $110,000 5. $120,000
